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Three-Month Money Market Rate Drops Below 2%, To 1.91% On January 5
Banks-Insurance

Three-Month Money Market Rate Drops Below 2%, To 1.91% On January 5

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.91% on Tuesday (J...

Ecaterina Craciun · 05.01.2021 · 13:18 · 1 min
Three-Month Money Market Keeps Downward Trend, Reaches 2.04%
Banks-Insurance

Three-Month Money Market Keeps Downward Trend, Reaches 2.04%

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 2.04% a year Friday, from 2.05% a year Thursday a...

Ecaterina Craciun · 07.08.2020 · 14:15 · 1 min
ING Bank Cuts Required Downpayment On Mortgage Loans To 25%
Banks-Insurance

ING Bank Cuts Required Downpayment On Mortgage Loans To 25%

ING Bank, the Romanian division of Dutch ING Group, has reconsidered its decision to increase up to 35% the minimum downpayment required on standard mortgage loans, reducing the downpayment...

Ecaterina Craciun · 22.05.2020 · 16:51 · 1 min
Three-Month Money Market Rate Inches Down To 2.57% A Year
Banks-Insurance

Three-Month Money Market Rate Inches Down To 2.57% A Year

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, decreased to 2.57% a year on Friday, from 2.58% a year on...

Ecaterina Craciun · 27.03.2020 · 13:25 · 1 min
Three-Month Money Market Rate Drops To 2.58% A Year
Banks-Insurance

Three-Month Money Market Rate Drops To 2.58% A Year

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, decreased to 2.58% a year on Thursday (March 26), from 2....

Ecaterina Craciun · 26.03.2020 · 15:01 · 1 min
Three-Month Money Market Rate Drops To 2.60% A Year
Banks-Insurance

Three-Month Money Market Rate Drops To 2.60% A Year

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, fell to 2.60% a year on Wednesday (March 25), from 2.62%...

Ecaterina Craciun · 25.03.2020 · 15:21 · 1 min
Romania Central Bank Cuts Key Rate To 2% A Year Amid Coronavirus Crisis
Banks-Insurance

Romania Central Bank Cuts Key Rate To 2% A Year Amid Coronavirus Crisis

Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5% a year currently, starting March 23, 2020, amid the coron...

Ecaterina Craciun · 20.03.2020 · 18:56 · 2 min
Eurostat: Romania Posts Largest Monthly Decrease In Industrial Production In EU In July 2019
Macroeconomics

Eurostat: Romania Posts Largest Monthly Decrease In Industrial Production In EU In July 2019

Romania registered the largest decrease in industrial production among European Union Member States, of 3.3%, in July 2019 compared with June 2019, and the second largest decrease in the EU,...

Ecaterina Craciun · 12.09.2019 · 17:43 · 1 min
BT: Overdue Loans Rate At Decade-Low YoY In June 2019
Banks-Insurance

BT: Overdue Loans Rate At Decade-Low YoY In June 2019

The volume of overdue loans decreased by 11.2% at the end of June 2019, compared with the same period a year before, down to RON7.4 billion, reaching the lowest level since October 2009, aga...

Ecaterina Craciun · 25.07.2019 · 12:13 · 1 min